Access to money and other scarce resources will remain critical for the accomplishment of many important tasks. A good understanding of economics – past, present, and future – is essential in order to avoid major mistakes with the management of resources.
Resources providing an overall introduction to economics:
“Economics is for Everyone!” by Ha-Joon Chang, RSA Animate
“Eating Economics Better” -by Ha-Joon Chang, Khazanah Megatrends Forum
“How the Economic Machine Works” by Ray Dalio
12.1 Free markets
12.1.1 The positive accomplishments of free markets
Animated version of Leonard E. Read’s essay “I, Pencil”, by EconClips
12.1.2 The failure modes of free markets
“Market Failures, Taxes, and Subsidies”: Jacob Clifford and Adriene Hill for Crash Course Economics
“Market Failures: Externalities” by Jonathan Gruber for MIT
Cartels and planned obsolescence, by Derek Muller for Veritasium
The changing nature of competition: “Rethinking Capitalism” with Thomas Philippon at the Wheeler Institute
12.1.3 The tragedy of the commons
“The Tragedy of the Commons: How to Avoid it” by EconClips
12.2 Planned economies
12.2.1 The failure modes of planning
12.2.2 The positive accomplishments of planning
“Walmart proves planned economies work” with Leigh Phillips at Jacobin
12.2.3 Public goods
“Public Goods” by EconplusDal
12.3 The mixed model
FTC Chair Lina Khan in conversation with Chicago Booth Professor Guy Rolnik at the Stigler Center
12.3.1 Separation of responsibilities
12.3.2 Business for good
12.3.3 Money and banking for good
“Banking Explained – Money and Credit” by Kurzgesagt
12.3.4 Productivity
12.3.5 Industrial strategy
12.4 Cryptoeconomics
12.4.1 Cryptocurrencies
Positive assessments of cryptocurrencies:
“What is Bitcoin? Bitcoin explained simply” by 99Bitcoins
Sceptical assessments of cryptocurrencies:
“Why Bitcoin is a Scam” by Doug Henwood for the Gravel Institute
“Blockchain – Innovation or Illusion?” by American Scream
12.4.2 Tokenomics
“What is Tokenomics” by Amarpreet Singh
12.5 The circular economy
12.5.1 Encouraging circulation
12.5.2 Property and its drawbacks
12.6 Social safety nets and social contracts
“What We Owe Each Other” by Minouche Shafik-| Hay Festival Books
12.6.1 UBI and alternatives
“The Case for Basic Income” by Geoff Crocker
“Utopia for Realists – The Case for a Universal Basic Income” by Rutger Bregman
“UBI – The questions that deserve the most attention” by David Wood at UBIA2018
“UBI: What have we learned” by David Wood at UBIA2018
Vital Syllabus 